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Apple Inc (AAPL) “On a long-term technical basis, the stock (AAPL) is trading above its 200-day moving average which generally implies it is in a positive trend. However, the stock has recently broken down through an important fibonacci fan trendline at 122.10 suggesting the next support level is at 108.91. This weakness suggests the long-term uptrend is turning neutral.
The stock has support at 108.91 and 103.10. If the stock breaks down through support at 108.91 then it will probably continue lower to 103.10. The stock will meet resistance at 117.42 and 125.39. If the stock breaks up through resistance at 117.42 then it will probably continue higher to 125.39. The 200-day moving average is at 89.74. This will also act as support. The stock is neutral according to the Stochastic Indicator (45.61).”
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